Share Name Share Symbol Market Type Share ISIN Share Description
Fairfx Group Plc LSE:FFX London Ordinary Share GB00BLS0XX25 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 124.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
124.00 125.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 26.09 2.08 1.68 74.1 205
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
22/7/201909:48FairFX Most Trusted Prepaid Card Provider “voted by customers”877
24/4/201907:14FairFX at the UK Investor Show-
27/1/201917:35Fair Bet?100

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DateSubject
11/12/2019
08:20
Fairfx Daily Update: Fairfx Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker FFX. The last closing price for Fairfx was 124.50p.
Fairfx Group Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 126p while the 1 year low share price is currently 84p.
There are currently 164,317,683 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Fairfx Group Plc is £204,575,515.34.
28/4/2019
12:00
lomax99: IC comment:FairFX reassures with solid growthIncreasing competition in the payments market, along with the heightened uncertainty surrounding the UK's departure from the EU, have weighed on shares in FairFX (FFX), now well adrift of their high point in October last year. But the latest full-year results have reassured investors, judging by a double-digit rise in the share price on results day.After moving into statutory profitability in 2017, the group expanded an already sizable gross margin to 78.5 per cent. Adjusted cash profits were up sixfold to £7.5m, which management said reflected operational gearing "with a significant retention of revenue growth flowing down to profits". FairFX signed up its millionth customer in the year, and more than doubled the gross value of currency transactions and deposits to £2.3bn Progress appears to be holding up in the current year - revenues were up 43 per cent to £7m in the three months to March 2019, ahead of expectations.Broker Canaccord Genuity is forecasting adjusted cash profits of £12.9m in 2019, giving EPS of 6.5p, up from £7.5m and 3.9p in 2018 IC ViewThe group has agreed on commercial terms with Metropolitan Commercial Bank in the US, giving it access to the "latent demand" from US citizens and entities, which will undoubtedly raise expectations. However, competition has stiffened as the sub-sector continues to garner new entrants, even though the market is consolidating. Shares in FairFX are trading comfortably below their two-year average price to earnings ratio, relative to peers, but we remain on the sidelines until admin expenses fall as a proportion of revenue. Hold.
26/4/2019
17:00
74tom: Yep, if you’re talking about the £526k trade @105.25 at 2.30pm, I’d say that’s an insti buy, if it was a sell there is no way the share price would have risen to 107.4 into close, the market makers would have dropped us to 100 or lower to try and generate buying to fill the sell. Personally, I expect we’ll be back over 130 in the next couple of weeks, there was so much to like about today’s update!
26/4/2019
14:00
mrnumpty: I'm very pleased ( and relieved ! ) that my previous positive comments about our Company , when the share price was in the doldrums , have been vindicated . Someone who seems to only have made two posts at that time , a couple of day ago , is " mammyoko " . On 24/4/2019 , s/he posted twice : " Some chunky sales in the last few days . This has been a leaky company before " ( posted at 11.06 am ) ; " Sold out this morning . Don't like the price action given that it would seem that all the good news is already in the market " ( posted at 16.18 pm ) . Apart from the fact that FairFx had recently been tipped in both Small Company Share Watch and in the Daily Telegraph's Questor column , thanks too to " rathean " who commented ( at 16.26 on 24/4/2019 ) regarding " mammyoko " : " He's a shorter , random negative comments earlier without substance . All eyes on the morrow " . Well done to all who continued to hold .
26/4/2019
11:31
glaws2: Start of Cenkos Note FY18A has been a transformational year for FFX in terms of financial and operational delivery. The company confirms today that FY19E has started positively with +43% rise in Q1 revenues. With further operating leverage to come through in FY19E, we see great value in the current share price.
17/4/2019
19:52
mrnumpty: My last post of today ( I promise ! ) . In my first post today , at 11.01 am , I referred to the flotation of Finable , which trades as Travelex . If one looks at the opening page on the website of Fair Fx , it seems that they offer far better currency rates than Travelex : whereas Fair Fx offers 1127.50 Euros for £ 1000 ( with no transaction fee ) , Travelex merely give 963.90 Euros ( with a transaction fee of 5.75% ) . Another reason to be cheerful : Crystal Amber have raised their holding on various occasions to the point that , according to the latest RNS on Fair Fx's web site ( dated 29/3/2019 ) , Crystal Amber now hold 24.07% ( I can't remember the point at which a major shareholder has to make a takeover bid , but 24.07% cannot be much below that , in other words Crystal Amber is now fully loaded ) . As I wrote earlier , I suspect that the recent selling is because , by pushing the share price to just below the psychologically important level of £ 1.00 , which many private investors would have chosen , the market makers have forced the automatic operation of stop losses .
17/4/2019
14:55
mrnumpty: Another error in my earlier text today : value of transactions by Fibablr / Travelex in 2018 was $ 114.5 bn ( NOT $ 124.5 bn , as I incorrectly wrote ) . Share price of FairFx is obviously disappointing at the moment , but I am certainly holding . The shares of the only other FX company in which I have a holding , namely Alpha FX , have , after a period of inactivity , started to increase nicely ( Alpha FX is not completely analogous to FairFx , as Alpha only deals with large business customers ) . As we know , and as my posts today have sought to show , FairFx has competitors . However , far more sophisticated investors than I have great faith in FairFx , such as Small Company Sgare Watch , which tipped the company only ten days ago at £ 1.02 . The SCSW article summarised by suggesting that there will soon be a positive RNS about progress in the USA . However , do your own research .
12/4/2019
16:03
mrnumpty: Quote from the Bysiness section of today’s Daily Telegraph ( Friday 12/4/19 : page 7 “ Brexit delay fuels hopes of flights rush “ : “ Airlines jumped to the top of the FTSE 100 leaderboard over hopes that holidaymakers will splash out on trips abroad after Brexit was delayed beyond the crucial summer period .... Rob Byde , Cantor Fitzgerald analyst explained that ... the key thing with the airlines is the period of extension takes them through the crucial summer season “ . I don’t need to spell this out , but if the Brexit extension is giving the airlines a sudden Lift , then this will evidently help FairFx , and yet our share price hasn’t moved . Good luck all .
13/3/2019
19:40
discodave4: Cut out the beginning as didn't say much, basically take notice when reputable and large investors buy (i.e. Bernstein in this case)."The stock is FairFX, the foreign currency specialist, and Richard Bernstein, who holds it in the Crystal Amber investment trust, said he had bought more shares in the company following a fall in the price from 125p in mid-January to about 97p now.In fact, he is FairFX's largest shareholder and not far from the 29.9pc limit when takeover rules would force him to make a bid for the firm. "We first took a stake in March 2016 and have consistently added to it since," he said.FairFX deals in foreign currency in a variety of ways, including the provision of prepaid cards, selling currency for electronic transfer and the sale of bank notes in the traditional way. It also operates what amount to bank accounts, although it does not have a banking licence, and offers an expenses service to companies.All parts of the business have been growing well; sales rose from £8m in 2015 to £25.5m in 2018. It first made a profit in 2017, to the tune of £229,000 before tax, and last year made £6.9m.Last month the company said it had obtained faster payments settlement approval from the Bank of England. "This is a huge coup and we think the market is yet to wake up to the implications," the fund manager said.He attributed recent weakness in the shares to Brexit-related concerns, which had led to "weak holders selling out" of the stock. He added: "In our experience [foreign currency] activity picks up with sterling strength, so we're encouraged and see the fall in the shares as an opportunity."Read Questor's rules of investment before you follow our tips. See Questor's tips every day at twitter.com/DTquestorWhen it comes to valuing FairFX, we can use two methods. First, on the traditional price-to-earnings measure, the shares trade at 15 times predicted earnings for 2019 and about 11 times for 2020. The sharp fall from one year to the next reflects the high expectations for growth in profits and to Questor these numbers seem undemanding.We can also value the company with reference to the bidding war for Earthport, a rival firm. Mastercard and Visa both tabled offers and the latter is poised to succeed with a 37p-a-share offer that values Earthport at £247m."Earthport lost £7m last year whereas FairFX made £7m," Bernstein said. "But FairFX has a market value of just £151m." Of this figure, £10.7m can be attributed to the firm's net cash.This column's view is that FairFX could easily be next to fall to a bid but even if it remains independent there is excellent scope for growth in turnover, profits and the share price. The company does not pay a dividend but is able to reinvest its earnings in the business at a high rate of return, estimated at 21pc in 2020.Questor says: buy
04/3/2019
17:11
mcljeremy: The contrast with Revolut couldn't be greater and will hopefully show through in the share price soon. FFX is clearly well managed with a proper business plan and a strong and stable management team.
19/2/2019
09:22
clanger66: Oh well Blackrock back selling again it seems. Todays announcement very positive in my opinion yet share price back to unchanged. Yesterday we seemed to get some respite, I guess due to the US holiday but today back to normal. When I checked the holders list on the 31st January, Blackrock held around 8.8 million shares (filled on the 11th January). I've looked again today and their last filing (reported on the 1st Feb) showed a holding of 7.6 million shares. A drop of 1.2 million shares. Between the 11th January and the 1st Feb. FFX traded 3,775,000 shares so clearly Blackrock were around 30% of this volume. This is fairly standard volume participation that institutional holders tend to adhere to. Since the 4th February (next trading date after Blackrocks last filing)and yesterday FFX have traded around 3,443,000 shares so I would wager That Blackrock have been around 1.1 million shares of this. This would take their holding down to around 6.5 million shares so the BIG question is: Are they liquidating the whole position or just reducing.
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